KiwiSaver

Cullen raises idea of mandatory savings

Tuesday 13th of February 2007
The issue was raised in the finance minster’s scene-setting economic speech last week.

Cullen stressed the importance of savings for the economy, both for economic and social reasons, saying savings are the “spaghetti junction” which all roads lead to.

“Some commentators have floated the idea of a non-inflationary tax cut in the form of savings,” Cullen mused. "Saving is much more import...

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